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KUALA LUMPUR, Oct 3 (Reuters) – Malaysian palm oil futures rose for a third straight session on Friday, underpinned by stronger crude oil prices and a softer ringgit, and were on track for their first weekly gain in four. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 14 ringgit, or 0.31%, to 4,460 ringgit ($1,059.38) a metric ton in early trade. The contract has risen 1.36% so far this week. FUNDAMENTALS * Soyoil prices on the Chicago Board of Trade were up 0.04%. The Dalian Commodity Exchange is closed from October 1 to 8 for holidays. * Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. * Oil prices rose slightly after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns. * Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. * The ringgit, palm's currency of trade, weakened 0.19% against the dollar, making the commodity cheaper for buyers holding foreign currencies. * Indonesia's state palm oil company Agrinas Palma Nusantara plans to develop a biofuel production complex in the Papua region, aiming to produce biodiesel entirely from palm oil, a company director said in an interview with CNBC Indonesia. * The Indonesian trade ministry urged the European Union to adopt the World Trade Organization's panel ruling to remove countervailing duties on Indonesian biodiesel imports and regretted the block's move to appeal the WTO ruling. * There will be no daily reports from Reuters markets analyst Wang Tao from October 3 to 10. Routine reports will resume on Oct. 13. MARKET NEWS * Asian stocks were poised for solid weekly gains on Friday as rising odds of the Federal Reserve cutting rates in the near-term helped cushion jitters around a U.S. government shutdown that have pushed gold to record highs and weighed on the dollar. DATA/EVENTS 0750 France HCOB Services, Composite PMI Sep 0755 Germany HCOB Services, Composite Final PMI Sep 0800 EU HCOB Services Final, Composite Final PMI Sep 0830 UK S&P GLOBAL PMI: COMPOSITE – OUTPUT Sep 0830 UK Reserve Assets Total Sep 1345 US S&P Global Comp, Svcs PMI Final Sep 1400 US ISM N-Mfg PMI Sep ($1 = 4.2100 ringgit) (Reporting by Ashley Tang; Editing by Subhranshu Sahu)

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Oct 3 (Reuters) – Eildon Capital Ltd: * INDEPENDENT BOARD COMMITTEE INTENDS TO RECOMMEND ACCEPTING SAMUEL TERRY TAKEOVER OFFER * OFFER PRICE INCREASED TO A$0.875 PER STAPLED SECURITY * BIDDER, TERRY ABSOLUTE RETURN ACTIVE FUND, INTENDS TO REMOVE EDC FROM ASX Further company coverage:

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(Updates with further detail from paragraph 2 onwards) Oct 3 (Reuters) – Telstra, Australia's no.1 telecom firm, has been fined A$18 million ($11.87 million) by the Federal Court for lowering internet speed plans for about 9,000 customers without informing them, the country's competition watchdog said on Friday. The Australian Competition and Consumer Commission (ACCC) said Telstra migrated 8,897 customers of its low-cost value brand, Belong, to a lower-speed plan without notifying them that their maximum upload speed had been halved. The migration occurred during October-November 2020, the regulator said. "Telstra's failure to inform customers that their broadband service had been changed denied them the opportunity to decide whether the changed service was suitable for their needs," ACCC Commissioner Anna Brakey said in a statement. Australian telecom firms currently face heightened scrutiny over governance, particularly after Optus' two back-to-back emergency call outages last month affected thousands of customers, with the first outage linked to four deaths. In addition to the penalty, Telstra has either already compensated or will compensate all affected customers with a credit or payment of A$15 for each month they were on the lower upload speed plan, the regulator said on Friday. Telstra did not immediately respond to a Reuters' request for comment. ($1 = 1.5161 Australian dollars) (Reporting by Nikita Maria Jino in Bengaluru; Editing by Subhranshu Sahu)

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* Consul general warned against contact with 'anti-China forces' * U.S. diplomat ran afoul of China in first Trump administration * Trump due to meet Chinese leader this month for key trade talks (Adds no response from Chinese Foreign Ministry in paragraph 10) WASHINGTON, Oct 2 (Reuters) – The U.S. State Department on Thursday brushed off a statement from the senior Chinese diplomat in Hong Kong warning the recently appointed U.S. consul general there not to interfere in the affairs of the Chinese-ruled city. "U.S. diplomats represent our nation and are charged with advancing U.S. interests globally, which is standard practice for diplomats around the world including in Hong Kong," a senior State Department official said in a statement in response to the remarks about the consul-general, Julie Eadeh. Cui Jianchun, China's top diplomat in Hong Kong, issued a statement earlier on Thursday, saying he met Eadeh on Tuesday "to lodge solemn representations on her conducts (sic) since she assumed duties." The statement, published on the website of Cui's office, urged Eadeh "to abide by fundamental norms governing international relations including non-interference in domestic affairs and make a clean break with anti-China forces." It said Cui explicitly stated the "Four Don'ts" requirements, "namely don't meet the people who the CG shouldn't meet with, don't collude with anti-China forces, don't instigate, assist, abet or fund any activities that undermine stability in Hong Kong, don't interfere with national security cases in Hong Kong." Eadeh, who took up the post of consul general in August, ran afoul of Chinese authorities in 2019, during the first administration of U.S. President Donald Trump, when official Chinese media criticized U.S. diplomats for contacts with student leaders of protests that were then convulsing the city. The Hong Kong newspaper Ta Kung Pao published a photograph of a U.S. diplomat, whom it identified as Eadeh, who was then with the consulate's political section, talking with student leaders in the lobby of a luxury hotel. The State Department at the time criticized Chinese authorities for leaking photos of a diplomat and their children's names, calling this the actions of a "thuggish regime" that had gone from "irresponsible to dangerous." The current exchange comes at a sensitive time for U.S.-China relations, with Trump seeking to conclude a major trade deal with Washington's biggest economic and geopolitical rival and due to meet his counterpart Xi Jinping toward the end of the month. The Chinese Foreign Ministry did not immediately respond to a Reuters request for comment on Friday. (Reporting by David Brunnstrom and Simon Lewis in Washington; additional reporting by the Beijing newsroom; Editing by Matthew Lewis and Kate Mayberry)

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